When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Aly J Yale | Source: Money Watch
“What most people don’t realize is that it can cost thousands of dollars to go bankrupt,” says Howard Dvorkin, chairman of Debt.com. “It’s a court proceeding, and you need to hire a lawyer and pay filing fees.”
By: Gina Freeman | Source: U.S. News and World Report
“Of course, I’m asked all the time: ‘Why would my issuer agree to give me such a big break?’ The answer is simple. They don’t want you defaulting,” says Debt.com chairman Howard Dvorkin. “Then again, they don’t want you taking advantage of them. So, they work with nonprofit credit counseling agencies they trust.”
By: Gina Freeman | Source: U.S. News and World Report
“Hardship programs are best for cardholders who usually make timely payments but have suffered a one-time setback,” says Howard Dvorkin, chairman at debt solutions company Debt.com and a certified public accountant. “That could be an accident, illness or medical emergency that disrupts their otherwise solid finances. Short-term relief can give them enough time to get back on their feet.”
By: Cassidy Horton | Source: AOL
“Nearly two-thirds of your credit score is determined by just two factors: payment history and how much you owe,” says Howard Dvorkin, CPA and chairman of Debt.com.
By: Gabriel Vito | Source: GOBankingRates
“The problem is when you have bad credit, you’re not getting that super-low 8 to 10% interest rate,” said Howard Dvorkin, chairman of Debt.com. “In extreme cases, you might not save a dime, because the personal loan might actually charge more than the interest on your existing credit cards.”
By: Aly Yale | Source: Money Watch
“A counselor gives you an in-depth debt analysis over the phone,” says Howard Dvorkin, chairman of Debt.com. “There’s no obligation, and you hang up knowing all your options and — most importantly — creating an accurate monthly budget.”
By: Jessica Dickler | Source: CNBC
“When interest rates are high, credit card debt becomes the most expensive mistake you can make,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.
By: Aly Yale | Source: Money Watch
“If the Fed cuts rates later this year or next, we’re not likely to see credit card interest drop dramatically,” says Howard Dvorkin, chairman of Debt.com. “Any changes will be slow and small.”
By: Sharonn Wu | Source: Money Watch
“[Consult] a professional [at] a credit counseling agency or debt solutions company,” Howard Dvorkin, chairman of Debt.com, says. “They’ve seen the worst payday loan emergencies you could imagine, so they know how to deal with them.”
By: Tim Maxwell | Source: Money Watch
“The only certain prediction is that our economy will remain unpredictable for many more months,” said Howard Dvorkin, CPA and chairman of Debt.com. “Until we have clarity about the on-again-off-again tariffs and their impact, I wouldn’t count on rates dropping.”
By: Aly Yale | Source: Money Watch
“Now Americans are rediscovering their value,” Howard Dvorkin, chairman of Debt.com, says.
By: Matt Sczesny | Source: WPTV
“Actually, 50% of all marriages fail, and the No. 1 reason is financial pressure,” Dvorkin said. “I can’t tell you how many times I get a letter on a monthly basis or an email, (saying) ‘thank you for saving my family, thank you for saving my marriage, thank you for saving my life.'”